„Not Talking Down Austerity Policy“

People ♦ Published: January 7, 2012; 18:27 ♦ (Vindobona)

Bernhard Felderer, head of the Austrian Institute of Advanced Studies (IHS), warns daily issued ideas for new taxes. First signs of a recovery are arising.

„Not Talking Down Austerity Policy“ / Picture: © Wikipedia / Magnus Manske

For Felderer, new taxation concepts could endanger the recovery of the economy. The director of IHS already sees signs of a recovery, coming from the U.S. However, it is not clear yet if financial markets would influence this tendency. “As a result, a recovery has to be regarded critically. Nevertheless, the first signs were unambiguous. Over the last days, the signs became…